NYSE:C

Citigroup Inc. (C)

122.69
+1.65 (1.36%)
as of Oct 27, 2026, 8:00:00 pm Market Closed.
143 watching
0
DON'T BUY
You want to go into this one when the risk trade is on and we haven’t seen this at this point. Have been making some headway in building itself out internationally.
HOLD
Got killed because it did the consolidation from a $4 stock to a $40 one. Dumb thing to do. He is a bull on US banks. Every time there is negative news, they don’t make new lows. If you own, you will be well rewarded.
DON'T BUY
Did reverse split because many institutions can’t own stocks below $5 a share. There are years and years of problems to come with foreclosures. If housing prices keep going down, then this one will be punished. By valuation it looks very cheap.
DON'T BUY
Doing a reverse stock split, 1 for 10. Problem with this type of split is that a lot of people who previously owned 100 shares now only own 10, which is an odd lot. A lot of people do not like odd lots so end up selling them. It puts a cap on for a long period of time. Trending down with no indication of a bottom.
COMMENT
Just announced a 10 for 1 reverse stock split as there is no respect in having a single digit stock price for one of the largest banks in the world. His model price is $8.10, a positive differential of 80%. Market doesn’t trust the balance sheet of the large US banks. He has a very small position in his fund, but is watching it very carefully.
SELL
Sold his holdings once they announced the reverse split. Stocks tend to be down a year later on reverse splits. If you own, look to jump out.
TOP PICK
Does about half its business outside the US. Now stabilized. US government has sold its interest. Good management. Earned $0.50 on its core earning last year and is expected to earn more than that this year. Really cheap. Lots of growth possibilities.
DON'T BUY
The walking dead. Prefers quality banks. Doesn’t own any US banks. They are talking about a 1 to 10 conversion. History of share consolidation is very, very poor. Companies only do that when their stocks go way down.
DON'T BUY
US financial sector over the next year has a good outlook because they are allowed to raise dividends. This one is still in the process of attempting to get out from under its mistakes. If it does raise its dividends, it is going to be much smaller than the healthy ones like J. P. Morgan Chase (JPM-N) or Wells Fargo (WFC-N). Why look at this when you have the Cdn financials with a much better yield and outlook.
SELL
Just sold when they announced a stock consolidation. Typically after a stock consolidation, a stock will go down in value 90% of the time.
DON'T BUY
Just marginally getting permission to start issuing dividends again they come off the TARP program. Will take a while. Efficiency ratio is bad, high costs ROE are low and Tier 1 capital is still very low so there is a lot of risk being shown in the share price. Their bonds would be better.
DON'T BUY
Going to have a 10 to 1 split. A reverse split is rarely a good sign. Looks like there are still some hang-ups coming from Europe. Still sees global de-leverization.
COMMENT
Doesn’t understand reverse splits. Pension funds have no trouble buying a $4 stock. Used to own the stock but sold. It will go up and do well, but prefers others. They are really an international bank.
DON'T BUY
Highest beta because of market volatility. A 10 for 1 consolidation makes the math very negative. It’s too early of a story – wait 2 or 3 years.
DON'T BUY
It has been said that when a company does a reverse split, it never recovers, but he doesn’t think so in this case. He just thinks they are embarrassed to have a stock priced under $5. It also disables some institutional investors from owning the stock so by consolidating it, it opens up the stock to more investors. The market for mortgage-backed securities has recovered in the last 3 months. The problem for an investor is that it is hard to know what is going on. If you don’t understand it, don’t buy it. He would wait at least another year.
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